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Tungsten resources at Dolphin project located in Tasmania, Australia estimated to an Increase of 18%, according to King Island Scheelite Limited unveiled on September 26. The indicated mineral resources stood at 11.36Mt graded at 0.9% tungsten trioxide.

The increase in resource estimate is due to the recent forecast increase in resources for the Bold Head scheelite deposit. According to the JORC 2012-compliant probable reserves, the total tungsten carbide burrs resources of the Boulder head scheelite project estimated to be 1.76 million tons, grading 0.91% tungsten trioxide (WO3).

King Island Scheelite Limited is a company listed on the Australian Stock Exchange (ASX) and is headquartered in Sydney, Australia, and is principally engaged in the exploration, development, and production of tungsten ore. Johann Jacobs, the CEO of the company said the projected increase in tungsten resources would likely extend the life of the Dolphin Tungsten Mine to more than eight years in the feasibility study.

The King Island Scheelite Limited plans to reopen the production of a major part of the Dolphin project in 2021. The Boulder head scheelite project was mined between 1974 and 1986, and the fall in tungsten prices forced it to close.

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In May of this year, an economic analysis of the Dolphin tungsten mine in Tasmania, Australia, is estimated to cost about $65 million in development costs. The mine is expected to be open-pit for 8 years annually produce. 20 tons of tungsten will generate a net present value of 153 million Australian dollars and an internal rate of return of 46%, with a capital recovery period of fewer than three years.

According to King Island, Dolphin hosts one of the world’s highest-grade tungsten deposits with low estimated operating costs and capital expenditure compared to its peers. It is the only state in Australia establishing in the form of an island. It is half the size of the Fujian Province in China. The island's solid tungsten carbide rods geographical ecology is unique and rich in minerals. The island owns many mineral deposits which is rich in zinc, lead, silver, copper, only, tin, tungsten, and other minerals. With the US and European end-users looking to reduce their reliance on Chinese tungsten resources, the Dolphin project of King Island Scheelite represents an attractive alternative.

Pentagon steps up inventory on rare earth magnets to shake off its dependence on Chinese imports. According to the Reuters report on December 20 that the U.S. military plans to stockpile rare earth magnets (NdFeB), a type of rare earth magnet essential to weapons manufacturing. Responses to this latest Pentagon request are due by January 22, 2020, to store six-month cemented carbide tool neodymium-iron-boron rare earth magnets in turns and store them for at least 30 months to weaken China's control of the rare earth magnet industry.

It is reported that China and Japan are the largest producers of NdFeB magnet in the world. The processing patent for this magnet belongs to Hitachi Metals of Japan, which issues production licenses to Chinese manufacturers, which are still the world's cheapest rare-earth magnet manufacturers. Hitachi Metals expanded a NdFeB magnet plant in China Grove, North Carolina, in 2011. And shuttered the operations around 2015 due to challenging economics. The equipment is being auctioned off now. Therefore, rare earth magnets are not produced directly in the US. Texas Mining's Urban Mining is processing recycled rare-earth magnets.

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The US rare earth industry is accelerating the pace of rare earth processing. Reuters said that Texas Mineral Resources Corp and USA Rare Earth announced that they will jointly invest 10 to 12 million U.S. dollars to build a rare earth experimental processing plant near the industrial consulting and research institute in Colorado, and sign contracts with the client accordingly, hoping to produce about one hundred kilograms of rare earth per year by 2020. Once the funding is received, the plant will be relocated to a mine near Round Top in western Texas in 2021 to achieve full production of rare earths by 2023.

The Mountain Pass rare earth mine in California is currently controlled by a hedge fund, is building its rare earth processing equipment and hopes to have it online by next tungsten carbide rods year.

The Pentagon also plans to provide funding to eligible domestic rare earth companies to help build processing plants of rare earth magnets and extended the deadline to apply for funding three times. "We don't want to sit and wait," said Pini Althaus, chief executive of USA Rare Earth, told Reuters, "There's a sense of urgency around the need for a (rare earths) processing facility that's not in China."

It is said that China Aero-Engine Corporation has been founded in Beijing on Aug. Tungsten Carbide Rods 29. State President Xi Jinping made important instructions and stressed that the CPC Central Committee decision of setting up China Aero Engine Corporation is under the consideration of wealthy and powerful military strategic, which could also deepen the reform of state-owned enterprises and to promote the aviation industry restructuring to take the major initiatives. Premier Li Keqiang gave instructions pointed out that the formation of China Aero Engine Corporation is a major strategic decision of the CPC Central Committee and the State Council. State Councilor Wang Yong attended the meeting and read out President Xi Jinping important instructions and Li Keqiang’s instructions.Central and the related state department of Beijing, the Central Military Commission departments and relevant enterprises, colleges and universities representatives attended the inaugural conference.

It was publicly reported that during the two sessions last year, Premier Li Keqiang announced in the government work report for the first time that the "aircraft engines, gas turbines" should be included in the national strategic emerging industries, also it proposed the implementation of major projects, aircraft engines, gas turbines, increase defense-related research and high-tech weaponry and equipment construction. From a longer-term strategic demands, we have to insist on some things, in aircraft engines, quantum communication, intelligent manufacturing and robotics, deep space deep-sea exploration, focusing on new materials, brain science, health care and other fields and then deploy a batch reflect national strategic intent of major scientific and technological projects.

Nowadays, China Aero Engine Corporation inaugural conference was held on behalf of China's central military enterprises and finally ushered in new members. Its official business scope includes military Tungsten Carbide Plate and civilian aircraft power plant, the second power plant, gas turbines, aircraft engines and other technology derived from product design, development, production, sales and after-sales service; aircraft, engines, helicopters and other defense technology industry and civilian fields development of advanced materials, etc.. Meanwhile, tungsten, tungsten alloy, titanium and other high-temperature resistant, corrosion-resistant, high strength material has become more and more popular to favor military purposes. The establishment of the Group will provide broad platform for the progress of high-properties tungsten alloy material’s development. Thus, China Aero Engine Corporation became the twelfth military industrial corporations.

Aero engine is a one of the most difficult cutting-edge technology to be conquered in Cemented Carbide Tips aviation fields. For decades, domestic researchers have been unable to fully grasp the researchers of modern aviation engine production and development. The most important reason is in the process of material manufacturing, such as low production and quality level in high-temperature alloys and tungsten carbide. The core indicator of aero engine is thrust-weight ratio, and in order to improve the thrust-weight ratio, we should ensure the capacity of high-temperature turbine blade material improved. Every increase of temperature of 100 degrees Celsius, thrust-weight ratio can be increased by 10%.

In general, a military turbine engine in which a majority of funds invested into research and development of materials. The main structure of aircraft engines, the application of large parts of high-temperature alloys and tungsten carbide, cemented carbide blade and their manufacture are inseparable from the participation of a rare earth metal. China’s rare earth reservation is the first place in the world, but relatively small reservations of rare metals in the manufacture of high-end aero engine indispensable Ni, Co-based alloys and other long-term controlled by others. But the kinds of situation is expected to be broken, a domestic Molybdenum price $ 2.65 billion from the international mining giant acquired a 56% stake in the largest copper and cobalt Congo (DRC), the mine bears more than 28 million tons of copper and 300 tons of cobalt ore, with an annual capacity of 20.4 tons of copper and 16,000 tons of cobalt., reported by Reuters.

Broadly speaking, tungsten carbide is one of super hard materials made of the hard refractory metal compound and binder phase produced by powder metallurgy process (Powder Metallurgy, PM). From the narrow sense, usually refers to tungsten carbide WC-Co alloy, which has high hardness, high melting tungsten carbide weight point, high strength and excellent wear and corrosion resistance. Even at 1000 ℃ still have high hardness, which can be widely used in cutting tool material, such as turning, milling, planer, drill, boring knives for cutting cast iron, nonferrous metals, plastics, chemical fiber, graphite, glass, stone and ordinary steel can also be used to cut the heat material difficult to machine steel, stainless steel, high manganese steel, tool steel. Take Co as an example, it is a key ingredient in the production of high-temperature alloys, tungsten carbide wear and other materials with wear and corrosion resistance. So it has a broad prospect in military and aero industries, such as armor-piercing ammunition, armored vehicles, aerospace engine.